Google Proves Mortal; Opportunity Knocking?

July 18, 2008 at 11:08 am PT

So, there are a couple of ways to think about Google’s (GOOG) big post-second-quarter sell-off this morning. For starters, as I noted last night, there seems to be increasing evidence that online advertising is actually feeling the effects of the slower economy. One quarter earlier, the company had denied that it was feeling the effects of the macro slowdown, but that no longer seems to be the case, and the Street is adjusting its perceptions of the company accordingly. On the other hand, the legion of analysts with Buy ratings on the stock almost universally believe investors are being given an opportunity here to buy the stock on the cheap.

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Tagged with: Barrons, Eric Savitz, frontpage, Google, online advertising, sell-off, Tech Trader Daily

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